Use the information below to answer questionTrading account for the year ended 31st December 2009<table border=\"1\" cellpadding=\"1\" cellspacing=\"1\"><tr><td>₦</td><td>₦</td></tr><tr><td>Opening Stock 32,000</td><td>Sales 48,000 </td></tr><tr><td>Purchases 40,000</td><td>Less Return 2,000</td></tr><tr><td>Carriage inwards 1,000</td><td> </td></tr><tr><td> <strong> 41,000</strong></td><td> </td></tr><tr><td>Less Return 2,000 39,000</td><td> </td></tr><tr><td> </td><td> </td></tr><tr><td>Cost of goods available ??</td><td> </td></tr><tr><td>Less closing stock <strong> 9,000</strong></td><td> </td></tr><tr><td>Cost of goods sold ??</td><td> </td></tr></table>Calculate the cost of goods sold

Use the information below to answer question Trading account for the year ended 31st December 2009 ₦ ₦ Opening Stock 32,000 Sales 48,000 Purchases 40,000 Less Return 2,000 Carriage inwards 1,000 41,000 Less Return 2,000 39,000 Cost of goods available ?? Less closing stock 9,000 Cost of goods sold ?? Calculate the cost of goods sold

Use the information below to answer question Trading account for the year ended 31st December 2009

Calculate the cost of goods sold

The correct answer is B. #62,000

Cost of goods sold is the direct costs attributable to the production of the goods sold in a company.

Cost of goods available for sale (32000 + 39000) = 71000

Less closing stock = 9000

Cost of goods sold = 7100 - 9000

= 62000